Why do you think an overdraft is cheaper than a bank loan?

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 27, 2024 04:00 AM

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Why do you think an overdraft is cheaper than a bank loan?

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It is not because the rate of interest is lower on overdrafts it isnt it is higher It is bec...View the full answer

Frank Woods Business Accounting Volume 1

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